IN BRIEF: Mercantile Ports & Logistics loss widens in first half

Mercantile Ports & Logistics Ltd - Indian port and logistics facility developer and operator - ...

Alliance News 27 October, 2021 | 11:10AM
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Mercantile Ports & Logistics Ltd - Indian port and logistics facility developer and operator - Reports pretax loss of GBP3.4 million in six months to June 30, widened from GBP2.6 million a year ago. Revenue increases to GBP850,000 from GBP155,000. Finance costs rise sharply to GBP2.0 million from GBP695,000. Says it is busy with negotiations with other prospective customers which are expected to boost the top line of the group.

"These financial results show an all-round performance aligned to a clearer business strategy. The group is expecting further strong operational and financial performance in the second half of 2021, which is extremely pleasing and does, I believe, show that our strategy is working," says company.

Current stock price: 33.00p

Year-to-date change: up 10%

By Greg Roxburgh; gregroxburgh@alliancenews.com

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Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
Mercantile Ports and Logistics Ltd 36.00 -

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